Wednesday, February 25, 2015

Who Says Our Economy is Booming When More than 40 Million Youths Are Jobless?

The economy of a country cannot be booming when it cannot create more jobs for the jobless. That
is why the bogus claims of President Goodluck Jonathan and his cabinet
that our economy is booming are contrary to the facts on current
socioeconomic realities in Nigeria with more than 40 million Nigerian
youths unemployed and thousands losing their jobs as financial
institutions and manufacturing industries are sacking more than they are
employing.

The following reports are enough verdict on the Nigerian economy.

Nigeria Unemployment Rate 2006-2015 | Data | Chart | Calendar | ForecastUnemployment
Rate in Nigeria increased to 23.90 percent in 2011 from 21.10 percent
in 2010. Unemployment Rate in Nigeria averaged 14.60 Percent from 2006
until 2011, reaching an all time high of 23.90 Percent in 2011 and a
record low of 5.30 Percent in 2006. Unemployment Rate in Nigeria is
reported by the National Bureau of Statistics, Nigeria.http://www.tradingeconomics.com/nigeria/unemployment-rate

Nigeria Inflation Rate Highest in 4-Months

Nigeria
annual inflation rate accelerated slightly to 8.2 percent in January of
2015 from 8 percent in the previous month, driven mostly by higher
food, housing and utilities prices.

Nigeria Inflation Rate 1996-2015 | Data | Chart | Calendar | Forecast
The
inflation rate in Nigeria was recorded at 8.20 percent in January of
2015. Inflation Rate in Nigeria averaged 12.27 percent from 1996 until
2015, reaching an all time high of 47.56 percent in January of 1996 and a
record low of -2.49 percent in January of 2000. Inflation Rate in
Nigeria is reported by the National Bureau of Statistics, Nigeria.http://www.tradingeconomics.com/nigeria/inflation-cpi

Subscribe To Nigerians Report Online

God Bless Nigeria!

WORLD NEWS UPDATE

Nigeria Today

Subscribe To Nigerians Report Podcast

Nigeria Under the Lens

Nigeria under the lens
An exclusive video series from Nigeria including interviews with the new central bank governor, the minister of state for finance, leading business figures, plus reports on the country’s bruised banking sector and an investigation into its re-emerging middle class